Knoxville Foreclosure Watch: August 5, 2009
Welcome back, Watchers! In this week’s edition of Knoxville Foreclosure Watch, active foreclosures were up by one, pendings were down just a bit, and closings were up to their highest level since May. And closings are always good news in my world.
In new listing news, our old buddy 37917 was back last week with 4 new foreclosure listings, giving it a whopping total of 94 so far this year. I’d say it will hit three digits in the next two weeks. Other zips with more than one new foreclosure listing included 37912, 37918, 37920, and 37921.
There were 15 closed foreclosure listings last week and they were pretty spread out. There were 2 each in 37912, 37921, and 37922 and 1 each in 37909, 37914, 37915, 37917, 37918, 37919, 37920,37931 and 37932.
Now for the breakdown -
Knox County Foreclosure Property Statistics as of 8/05/09 *
Current On-Market Listings - 196
Average Asking Price: $135,095
Median Asking Price: $84,900
Most Expensive New Listing: $174,900 (3 BR, 2.5 BA, 2300+ sq ft in Powell)
Least Expensive New Listing: $11,000 (2 BR, 1 BA, 700+ sq ft in North Knox)
Notable New Listings:
North: $99,900 (3 BR, 2.5 BA, 1300+ sq ft in Powell)
South: $34,900 (3 BR, 1 BA, 900+ sq ft off Sevierville Pike)
East: $19,900 (2 BR, 1 BA, 1000+ sq ft off Magnolia)
West: $152,900 (4 BR, 2.5 BA, 2000+ sq ft in Farragut)
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Current Pending Sales -124
Average Asking Price – $87,063
Median Asking Price – $79,900
Closed Sales July 29, 2009- August 04, 2009 - 11
Average Asking Price – $113,973
Average Sales Price – $103,621
Median Sales Price – $64,000
Average Days on Market – 75
*Data taken from KAARMLS on 08/05/09 for Knox County single family residential properties only, and does not include condos or PUDS.
As always, if you need more information on any of these properties, just drop me a line.
If you’d like to receive new foreclosure listings automatically, send me an email with “Foreclosure List” in the subject line, and I’ll do the rest. I don’t believe in spam.
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Author: Suzy
Hard working Knoxville real estate agent by day. Intrepid Knoxville real estate blogger by night.
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